Cryptocurrency News

The FBI says North Korea's TraderTraitor hacking group was behind the multibillion dollar Binance breach and has urged crypto firms and DeFi operators to block tainted addresses. Chainalysis expects the laundering network to expand from thousands of addresses to tens of thousands in the coming weeks.

Crypto traders are already wagering on Anthropic’s expected IPO through perpetual contracts on Hyperliquid, even though the products are not backed by company shares. The trade.xyz ANT contract dropped about 20% in its first hour as market participants tested a high-risk market with up to 10-times leverage.

A crypto veteran lost roughly $14,000 after thieves took his unlocked iPhone outside a London bar and accessed wallets, cards and trading accounts. The case highlights the growing security risks tied to unlocked mobile devices and the need for immediate remote lockouts.

Binance said a preliminary investigation into a $6.3 billion hack pointed to a compromised engineer’s laptop among other issues, while the exchange found no evidence that private keys were compromised. The incident has intensified debate over whether centralized controls weaken crypto’s security model or provide essential safeguards when attacks occur.

Nasdaq-listed Next Technology Holding has authorized potential sales or loans against roughly 5,833 BTC, valued at about $449 million. The company cited the Binance hack, exchange vulnerabilities and possible quantum computing risks, while saying none of its bitcoin is held through Binance.

Major token issuers moved within hours to block nearly $3 billion tied to a $6.3 billion Binance theft linked to North Korean hackers. The response has intensified scrutiny over whether smaller victims receive the same urgency, and whether frozen funds can actually be recovered.

The crypto market briefly revisited September lows after a $6.3 billion Binance security incident rattled risk appetite and pushed Bitcoin below $76.5K. BTC has since rebounded, but technical traders remain focused on the $75K area and the 200-day moving average near $73.3K.

An attacker used Ethereum’s EIP-7702 feature to make a Binance wallet run malicious smart-contract code, moving about $2.5 billion in ether and tokens in less than four minutes. Binance said total losses across several blockchains reached $6.3 billion and pledged to cover them while investigators examine how valid wallet signatures were obtained.

CoinDCX has temporarily restricted new crypto futures positions after a security incident at Binance disrupted a key liquidity provider. The Indian exchange said deposits and withdrawals remain operational and customer funds are safe.

Binance’s reserve-linked wallets were drained in a suspected hack involving wallets listed in its proof-of-reserves data. The incident has raised questions over short-term backing levels for ether and several other assets until the exchange replaces stolen funds.

Binance faced a major security incident Thursday, with a suspected exploiter wallet holding more than $5.7 billion in crypto assets tied to the exchange. Bitcoin, ether, BNB and AAVE moved lower as stablecoin issuers froze large sums and market participants assessed broader risks.

Polygon Labs is extending its Open Money Stack infrastructure to Solana, giving businesses a single route into bank funding, digital wallets, cross-chain transfers and payouts. The agreement keeps the two blockchains separate while connecting Solana stablecoin activity with Polygon’s banking and payment rails.

Stanley Druckenmiller used his first post on X to disclose an investment in TradeXYZ, a trading platform tied to Hyperliquid-based derivatives. The move comes as Intercontinental Exchange, parent of the New York Stock Exchange, partners with TradeXYZ on a proposed regulated U.S. perpetual futures venue.

HTX, formerly known as Huobi, has withdrawn from Britain after settling with the Financial Conduct Authority over alleged breaches of financial advertising rules. The exchange is no longer accepting deposits from British customers, cannot register new UK users, and is barred from targeting local consumers through its website, apps, and social media.

Researchers at Alice & Bob estimate that a future quantum computer using about 30,000 physical qubits could crack Bitcoin wallet cryptography in roughly 62 minutes. The theoretical findings heighten concern for more than six million bitcoins held at addresses with exposed public keys.

Chainlink has launched Chainlink 24/7, a pricing service designed to keep reference prices updating for tokenized traditional assets when conventional markets are closed. Aave is adopting the feeds for Horizon, beginning with tokenized versions of heavily traded U.S. stocks used in institutional lending.

Switzerland’s first spot bitcoin ETF is expected to begin trading on SIX Swiss Exchange in November after FINMA granted a rare exemption allowing full bitcoin exposure. Overseas banks and brokers may access the fund, though public sales are approved only in Switzerland and wider availability will depend on local rules.

Bitcoin options markets are flashing caution ahead of a major Friday expiry, with put protection trading at a notable premium after BTC slipped below $80,000 earlier this week. The positioning suggests traders are focused less on upside speculation and more on managing downside risk near a key volatility event.

U.S. authorities sanctioned Russian nationals Ilya Boykov and Vitold Obertas over alleged cryptocurrency conversions for North Korean IT worker networks. The action also targeted a North Korean-run center in Russia, workers tied to the operation, and crypto addresses on Ethereum and Tron.

Lazaro Campos, the former chief executive of Swift, has joined London-based OpenTrade as chairman. The appointment comes as the stablecoin yield infrastructure company reports $300 million in total value locked and more than $1 billion in annual transaction volume.

Thailand’s Supreme Court has ruled that bitcoin qualifies as property in a criminal robbery case, finding that its market price and ability to be exchanged for cash give it value under the law. The court upheld a 10-year prison sentence for a defendant who helped foreign attackers force a victim on Koh Samui to transfer about 2.48 BTC.

Teku and Besu have released updates after weak cryptography at Indian certificate authority eMudhra created a risk for some Ethereum validator setups. Default Teku mainnet nodes were not exposed, and no exploitation has been reported.

Bitcoin Core has disclosed three vulnerabilities identified through a large language model scan and later verified by human contributors. One flaw could allow a remote attacker to crash nodes running on Windows, macOS or BSD, while additional medium and high severity disclosures are expected in two weeks.

Bitcoin reversed a two-day rebound and fell below $80,000 during Thursday’s Asian trading session as weakness in technology stocks spilled into digital assets. Crypto futures liquidations reached $356 million over 24 hours, with leveraged long traders taking the largest losses.